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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Rashid Garuba who wrote (4694)3/24/1997 4:44:00 PM
From: Bruce McGaughey   of 35569
 
It's good to get some discussion going on TA. Interesting subject.
You can argue either way and make perfect sense.
It's not until later do you find out who was right.
From my point of view, today looked like THE low for a while.
We dipped under 9.00 briefly and I bought my last block of IPMCF
as it came back up. In other words, I "sank spur" for the last time.
I don't really know where we're going from here on, folks.
But, I am a betting man and I say we go higher. Mostly based
on what I think is this triangle pattern. The big short position
and the fundamental story, here, helps too !!!
By the way, I still see the apex being reached on Wednesday but it
could come tomorrow.
(Again, I am no professional. Do your own due diligence. It's
your money)
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